The new Federal Government and business taxation paper

Published on 27 May 08 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

The Federal Government has a large backlog of measures from the previous government, and new tax imperatives to support business and economic policies. This paper covers the current and likely tax work program of government and discuss tax policy experiences in the first six months of the new government. Topics covered include:

• the unlegislated policies of the previous government including TOFA 1 and 2 adjustments, TOFA 3 and 4 and the many unresolved consolidation issues
• policies unveiled before the election, including tax reform of managed funds
• policies announced since the election, including scrip takeover rules
• the tax consultation directions of the new government
• Budget 2008 developments
• business tax changes which can be expected, including international tax reform, off-market share buy-backs and what's left of the 1936 Act
• tax competitiveness for Australia in 2008.

Author profile

Anthony Stolarek

Tony engages with Australia's federal and state governments, Treasury and Taxation Office on tax policy and tax administration, through the EY Australia Tax Centre for Excellence. In his EY role and membership of the Institute of Chartered Accountants in Australia tax technical committee, he is heavily involved in submissions to government and the ATO on policy proposals, changes in the tax system and improving its administration and interpretation. Tony is an ICAA representative on the ATO National Tax Liaison Committee and various subcommittees and a member of the Law Council of Australia Business Law tax committee. He is also involved in the EY global Tax Policy Services network which has had significant focus on Base Erosion and Profit shifting in the last year. Tony is a member of the Treasury Special Reference Group relating to its scoping paper dealing with the Risks to Sustainability of the Corporate Tax Base. - Current at 14 August 2013

More by Tony STOLAREK

• The transparency - Are we entering a new age? paper - 10-October-2013
• Tax consolidation changes past, present and future paper - 15-February-2012
• Tax consolidation – The finishing touches paper? - 12-March-2009
• Leaving a consolidated group — Separation without tears - 01-October-2007
• Current Tax Foundations - Moving Targets convention paper - 01-April-2004
• Addressing Losses in the Context of Buying or Selling a Company or Company Group - 27-November-2003
• Allocable Cost Amount - Steps 2, 3 & 4 seminar paper - 29-October-2003
• Mergers And Acquisitions - Some Structuring And Due Diligence Issues - 01-April-2003
• Mergers and acquisitions - due diligence - 03-February-2003
• General value shifting regime - impact for corporate and business groups - 12-September-2002
• Tax reform - status and issues - 03-August-2000
• Book extract: How businesses must deal with business tax reform - 01-August-2000
• Option 2- Extracts From Tax Value Method - 25-May-2000
• Tax Losses & Consolidations Workshop - 27-October-1999
• The new era for financing assets - 09-September-1999
• New rules for taxation of dividends - 17-February-1998

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